Expat Brit Mortgage Options ?

Expats and the buy to let market

Recent data indicates about 280,000 expats own property in the UK, with most renting them out for extra income.

Demand for quality rental homes continues to grow as many prospective first-time buyers struggle to enter the market.

Rents are currently at record highs and are expected to increase further this year. Despite a challenging year, expat landlords remain optimistic, as UK property values rose 4-5% last year.

Expats are re-mortgaging to release equity.

 Expat mortgage activity is strong, particularly in re-mortgages as expats seek to unlock capital from UK properties.

As of June, the average amount released per case exceeds £48,000, with re-mortgages up 18.5% year-to-date. February and March were notably robust months for expat mortgage lending.

New expat higher loan to value mortgages are now available

The average number of expat enquiries has increased significantly this financial year, as more expatriates seek to enter the UK property market, particularly in light of higher loan-to-value ratios now being available.

Despite ongoing global uncertainty, the UK property market continues to be regarded as one of the most attractive investment opportunities. Many employed expatriates residing overseas consistently aim to retain and expand their UK property portfolios, as property markets in other European countries generally do not yield equivalent returns.

Need assistance?

Our professional independent advisers are used to dealing with all types of expat buy-to-let mortgages, they have vast experience in this area. Please do call to discuss your requirements and we will be happy to help.